VIDEO: Sneak Peek - PROJECT RUNWAY: ALL STARS Finale

Related: Lifetime, previews & teasers, Reality TV

PROJECT RUNWAY: ALL STARS is down to the final three designers with the winning competitor to be unveiled this Thursday night. Uli Herzner, Emilio Sosa and Anthony Ryan Auld will present their collections which they were challenged to create in just four days. Previously eliminated competitors will return to help them finish their collections on schedule. Below, get a sneak peek of the finale episode airing this Thursday, January 17th on Lifetime!

The winner of season two of Project Runway All Stars will have the chance to create a custom-branded capsule collection for Nine West, and will be awarded a cash prize of $150,000, a sewing and embroidery studio provided by Brother Sewing and Embroidery, an all-expenses paid trip around the world to attend fashion weeks in cities such as Paris, London, Milan and Tokyo courtesy of Laura Mercier and a technology suite/office space from HP and Intel to bring the designer's creativity to life and run his or her business. The winner will also receive a fashion spread in Marie Claire magazine and a position with the publication as Contributing Editor for one year.

Project Runway All Stars is produced by The Weinstein Company and Bunim/Murray Productions. Executive producers include Harvey Weinstein and Bob Weinstein (Co-Chairmen of The Weinstein Company), and Meryl Poster and Barbara Schneeweiss of The Weinstein Company, Jonathan Murray and Gil Goldschein of Bunim/Murray Productions, Rob Bagshaw (Top Chef Masters, Paradise Hotel) and Rob Sharenow, Gena McCarthy and David Hillman of Lifetime Television.